Tag "Letter of Intent"

Falcon Aviation Services of Abu Dhabi signs a letter of intent to buy a PC-24 in Dubai. Falcon Aviation Services, a private jet operator in Abu Dhabi, signed a letter of intent (LOI) to acquire a Pilatus PC-24 business jet

Deposits are commonplace and a feature of all transactions. However, there can often be uncertainty about who is entitled to the deposit if a deal does not go ahead writes SNR Denton’s Matthew Harvey and Sarah Dyke.

Opinions on Letters of Intent (LOIs) are often divided. The use of an LOI to confirm the details of a proposed sale can vary between a simple one page agreement as to the sale/purchase price of an aircraft and a detailed summary of the key commercial aspects of the transaction. Jonathan Russell, an associate in the aviation finance team at Holman Fenwick Willan LLP, believes that documenting the commercial aspects of a sale before handing the matter over your legal advisers will save time and money.